Kartik Gupta, the Chief Financial Officer (CFO) of Ola Cabs, has exited the company as part of the ongoing restructuring at Ola Mobility. This departure comes just weeks after the CEO, Hemant Bakshi, stepped down. The restructuring will help Ola strengthen its cost structures.

Nikhil Kamath, the co-founder of Zerodha, recently expressed his admiration for Bengaluru and its people. Despite acknowledging challenges like traffic and road conditions, Kamath highlighted the city's real treasure - its people. He praised Bengaluru's kind-hearted and welcoming residents. Kamath also applauded the city for its abundant talent pool, which is beneficial for startups. Additionally, he shared his unconventional views on parenthood and legacy, emphasizing the importance of a meaningful life focused on kindness.

Equity benchmark indices Sensex and Nifty shot up nearly 1% on May 16, driven by buying in HDFC Bank and Infosys and a rally in the U.S. and Asian markets. The Sensex climbed 676.69 points or 0.93% to settle at 73,663.72, hitting a high of 73,749.47 and a low of 72,529.97 during the day. The Nifty surged 203.30 points or 0.92% to 22,403.85.

Valuation of PSU stocks has become less attractive, says Akhil Kalluri of Franklin Templeton. The rally in small caps can be attributed to retail liquidity and the deployment of excess cash. Kalluri discusses the valuation risk in the broader market and the March quarter earnings. He also comments on the possibility of a re-rating if BJP comes back to power. Kalluri highlights power, defence, and capex as hot investment themes. He further mentions the future prospects of financial giants and suggests an ideal asset allocation strategy with a long holding period.

When asked on Tuesday about India’s oil relationship with Russia, Minister of External Affairs S. Jaishankar reasoned that the nation’s ties with the soviet country have benefitted it very heavily and he will continue to endorse in the same for our boons. India’s oil import from Russia has increased from 0.2% to 22% from last year. Even trades have gone significantly up, profiting to $30 billion annual trade volume. While addressing the Ukraine attack, Jaishankar clarified that the nation will do everything for the tragedy as global economy is too inter-dependent.

Due to the ongoing Russia-Ukraine war, many European countries are not willing to directly import oils from Russia, which is one of the reasons of high demand of India’s refined oil exports. Netherlands became the nation’s top market for India’s diesel and petrol, making 9% of the total petroleum exports, while Brazil came in among the top eight importers from India, gaining 273% growth since last year. South Africa also rose to 13th positions, valuing 5.13% of total petroleum shipments. India’s demand comes in at the fact that it is buying cheap crude from Russia.

With intentions of entering the $1-trillion-valuation club, the Adani Group is ready to invest $150 billion in multiple forums of businesses, while expanding the existing ones. $50-70 billion in hydrogen business, $23 billion in green energy, $7 billion in electricity transmission, $12 billion in transport utility and $5 billion in roadways, are the future plans of the group, according to CFO Jugeshinder ‘Robbie’ Singh. New ventures include data centre business with investments $6.5 billion, airports with $9-10 billion and petrochemicals with $2 billion.

As 2020 introduced a large-scale work from home option throughout India, IT companies faces a shortage in talented and capable IT recruitments. What has instead come to the shore by giants is that many applicants tried to submit fake applications; meanwhile companies hired them without thorough background checks, due to urgent need. Companies like Accenture and Cognizant India have admitted the flaw in the system and have referred to tolerating zero turbulence because of such troublemakers. Head of HR law at law firm Nishith Desai Associates, VIkram Shroff says that companies need to be more diligent in the hiring process.

In celebration of the 53rd International Film Festival of India (IFFI), the Union Minister of State for Information and Broadcasting Dr. L Murugan visited Goa on Tuesday to meet Chief Minister Pramod Sawant. The former was on a two-day work related trip when he discussed the preparations and progress of the festival. It is being emphasized to be extravagant and high standard as celebrities of the nation as well as international famous personalities will be partaking in the huge event.

Blockbuster movie Brahamastra lead actors and spouses Ranbir Kapoor and Alia Bhatt Kapoor have welcomed a baby girl to their home, after the latter underwent C-section delivery at the HN Reliance Hospital in Mumbai. The two got married in April 2022 and announced their pregnancy in June. The actress, throughout her pregnancy, has been witnessed swiftly attending her movie promotions as well as work on set with the same vigor. She shared a faceless instagram story in the announcement of the successful birth.

Immensely loved by the youth of India, multiple award winner and fitness icon Sahil Khan made history last month, and has made it to the Guinness Book of World Record ever since. The Youtuber along with Vispy Kharadi attempted a shocking stunt, wherein the latter was crammed between two heavy concrete blocks covered with nails, topped with several other blocks, while the Khan picked a heavy hammer to break into the toppers to reach the 525 kg block and break it in half. The audience was stunned by both participants’ bravery and strength.

As the Oscars return with the 95th Academy Awards in March, the choice of hosting the grand event has been made by the jury and it has been third-timer, late night show host Jimmy Kimmel. The announcement was made on Monday by the Academy of Motion Picture Arts & Sciences on its social media, saying “Welcome Back!” to the TV host. The award night will be aired live on ABC on March 12th, Sunday at 8e/5p. Kimmel playfully replied to the news as “Being invited to host the Oscars for a third time is either a great honor or a trap.”.

As India has been allotted the presidency of the G20 this year, which is to be inherited by December 1st, PM Narendra Modi inaugurated its website, logo and theme on Tuesday. He emphasized on the hosting of the event as one marking India into limelight of the globe, and congratulating its growth to reach there. The website logo consists of a globe kept on a lotus, which the PM said signifies hope in the time of pandemic crisis. He also said that India’s belief in philosophy of Advaita ensures power in unity of beings.

The collaboration of the Union Ministry of Housing and Urban Affairs with Delhi Tourism decided to put women-led kiosks for local regional food shops on the Kartavya Path. The path is supposed to entertain 16 shops in total, wherein they have been constructed under Central Vista Avenue redevelopment. 16 states and UTs, having shown interest, including Haryana, Madhya Pradesh and Maharashtra, started setting up shops when the MoA was cancelled. The same is alleged to be opened after a month.

Upon winning the men’s 63.5 kg quarter finals against South Korea's Minsu Choi, Indian boxer Shiva Thapa secured atleast a bronze medal at the Asian Boxing championship 2022. The boxer already holds silver medals for the same in 2017 and 2021, while bronze in 2015 and 2019, will now be the first male boxer in the history of the continental front to having accomplished a sixth medal at the Asian Championships. He is standing against Bakhodur Usmonov of Tajikistan in the semi-final now.

After taking the place of French b-girl Senorita Carlota in the Top 16, b-girl India of Netherlands beat Italy’s Anti to become a champion at WDSF 2022 European Breaking Championships in Manchester, England on Sunday, November 6th. She was also awarded the Breaking for Gold Olympic ranking, which will help her enter in the Olympic Qualifier Series; as well as was named in the 2023 European Games in Krakow, Poland, a direct ticket to Paris 2024. Breaking’s debut will unfold at Paris with two gold places.

The Gambia mass deaths of children under the ages of five, starting from July to October, created a stir in the medical industry, specifically India, when it was alleged that the cough syrups made by Delhi-based Maiden Pharmaceuticals Ltd. were the cause. However, Gambia’s Medicines Control Agency still hasn’t come to a conclusion if the said syrups, which have high amounts of diethylene glycol and ethylene glycol, were the culprit, saying that many kids died even without the consumption of the same. Investigations of the kids having acute kidney injuries are still ongoing.

After the death of 66 children in Gambia, WHO has alerted the Indian government to ban four cough syrups of the Indian pharmaceuticals company- Maiden Pharmaceuticals Ltd, Sonipat, Haryana. The syrups Promethazine Oral Solution, Kofexmalin Baby Cough Syrup and Magrip N Cold Syrup, contain “contaminants” diethylene glycol and ethylene glycol, which are toxic for human consumption. The products were sent to Gambia for testing in intents of quality parameters, as found out by the CDSCO (Central Drug Standard Control Organization).

Poly-Cystic Ovarian Syndrome is the most prevalent hormonal imbalance disease in women of 21st century, as the current hectic lifestyle triggers an optimum environment for the syndrome to facilitate, causing male hormone generation, thinning hair, diabetes, infertility and much more. Symptoms include irregular/light periods, thinning hair while excessive facial hair, weight gain, acne. The most effective ways to keep PCOS manageable are lifestyle changes that comprise of exercising almost every day, taking a calorie-deficit, high protein, high-fibre diet, ignoring processed and sugary food, while keeping stress levels in check.

With daily positivity rate at 1.33%, the country has witnessed 4,510 new covid cases in the last 24 hours, bringing active cases to 46,216 and total tally of cases in the country over 4.45 Crore. The number of fatalities in the day was 33, bringing the total tally at 528,403. A number of 4,39,72,980 recoveries of covid since 2020 onset, includes  5,640 in the last 24 hours. Over 89.23 Crore covid tests have taken place till date in the country, with the government still emphasizing states to keep an eye on the numbers. 

The central government has decided to provide medical colleges’ reservations to children who have been abandoned due to their parents being compromised in Jammu & Kashmir terrorism. By scoring a minimum of 50% in science subjects of physics, chemistry, biology, will these children be eligible to claim their reservation, which will then be ranked via NEET score of minimum 50%. The reservation criteria include children with first preference whose both parents died in terrorism. It also includes children of people posted by the Centre in J&K and compromised.

A five-judge bench gave the verdict of 10% reservation applicable for people belonging to Economically Weaker Section (EWS), by a ratio of 3:2. However, now the verdict is under re-evaluation due to the court having failed to notice the Centre’s criteria to determine the EWS by at least ₹8 lakh per annum. Another criteria to examine the verdict is to focus on the 50% cap criteria, as it wasn’t touched by the bench, neither was brought into notice by the three issues presented by the 5 judge bench.

DSP Vidya Kishore Mishra has been demoted to the post of sub-inspector by the UP government after a video of him accepting ₹ 5 lakh bribe went viral. He was trying to hinder in a case of gang rape, wherein inspector Vinod Singh Yadav had been booked as one of the accused in 2021. The case was found upon investigation by SIT officials of Women cell in Moradabad, putting sections 364 (abduction), 201 (causing disappearance of evidence) and 120 (criminal conspiracy). The demotion of Mishra was announced on twitter on Tuesday.

A muslim boy was brutally thrashed by the family of his Hindu beau in Saharanpur, UP. Tannu Saini was a 19 year old BSc student alongside Zia-ur-Rehman. Found lying unconscious with severe injuries outside the house after his parents were informed, the boy was rushed to a nearby hospital, but was shifted to Dehradun, where he died. The girl, too, hung herself after the incident. No FIR has been filed by either family; however the police is looking into the investigation while being cautious of not letting a communal outbreak happen.

The turnout for the Mumbai Andheri (East) election polls has been shockingly low, at a 3.61% till 9 am on November 3rd, Thursday. Even though polling started at 7 am on all 256 polling stations, people weren’t witnessed participating vigorously. Additional Chief Secretary and Chief Electoral Officer, Maharashtra, Shrikanth Deshpande said that everything was on time and no reports of malfunctions in EVMs have been reported. The urgent elections took place due to former legislator of Shiv Sena, Ramesh Latke passing away; following the standing of Rutuja Ramesh Latke in the current election.

As the exercise of the Gujarat 182 member Assembly is ending in February next year, the announcement of the next assembly poll elections has been made. It will be held in two phases, the first phase being held on December 1st and the second on December 5th, while vote counts will unfold on December 8th. For phase-1, the last date of filing nominations is November 14th and the last date for withdrawal is November 17th, while total number of seats is 89. For phase-2, the last date of filing nominations is November 17th and the last date for withdrawal is November 21st, while total number of seats is 93.

CBI has alleged that the beginning point of the outbreak of the SSC jobs-for-cash case has been found, which was the hiring of Santi Prasad Sinha, ex-advisor at West Bengal Central School Service Commission. His hiring was allegedly done through amending the ways of the SSC Panel. Sinha had retired from Yogesh Chandra College in 2012; however Partha Chatterjee brought him on board when the former was 68 years old. He applies for the position and got approved under the twisted strings of programme officer Parna Bose, when the SSC Act of 1997 was amended for him.

In the shenanigans of the Bharat Jodo yatra coming to Madhapur, roads of the route are being cleared, making diversions from 8am to 6pm. For vehicles coming from Balanagar, Ambedkar Y junction will be closed; traffic towards BHEL from Balanagar and Erragadda to be diverted at Moosapet junction via Chittarama temple (GHMC Office Moosapet), Anjaneya Nagar X Road, etc; from Kukatpally towards Nizampet and Pragathi Nagar will be diverted at JNTU via Forum mall Underbridge; for people coming from vehicles from Chandanagar towards Moosapet, the Pipeline Road will be closed.

India’s first ever privately-developed rocket will be sent to space between November 12th and 16th, by the start-up company Skyroot Aerospace. The rocket, Vikram-S, is a single stage suborbital test rocket, which will ensure multiple technologies in the upcoming Vikram series of space vehicles. The vehicle, set to being launched from Sriharikota, will be carrying three customer payloads, one of which is foreign non-profit space research lab. The other two pertain to India, one of which is built by another Indian start-up called Space Kidz India.

From 2008 to 2018, the expenditure of becoming a doctor and a nurse have decreased in most parts of the world, however, exactly the opposite has unfolded in Indian stats. Expenditure of around ₹15 Lakh or $35,000 in 2008, has spiked almost double the amount in 2018 at $70,000. China has witnessed similar hikes, bringing in the 2008 $14,000 to almost tripled amount of $41,000. In 2018, approx. $110 billion were invested in the medical academic department all over the world; wherein the global average for fee of one medical student is $114,000.

ISRO’s new project the Gaganyaan mission, collaborated by many countries like Russia, Australia, France, will begin its testing from early February next year, informed R Umamaheswaran, director of the agency's human spaceflight centre. Consisting of a crew module and an environment control system, the project will include at least 17 different tests, along with the Indian space brand using Chinook helicopters and C-17 Globemaster aircraft for the same. The team, having trained its astronauts in Russia, plans on completing their first human space flight by 2024-25.

After the global popularity gained by electric cars, BYD, China’s most renowned EV manufacturer, expects a quadruple profit coming in from sales by the end of the third quarter. Reports and data predict a net profit between 5.5 billion yuan to 5.9 billion yuan ($765 million-$820 million), an increase which is beyond 300%. Meanwhile, BYD’s shares on Tuesday have seen a 4% upsurge in Hong Kong and 5% in Shenzhen.

Air India Express cancelled several flights on Wednesday due to issues with their crew rostering system. The airline, owned by the Tata Group, recently implemented a new system, which has encountered problems. As a result, they faced challenges in operating their usual number of daily flights.

US auto safety regulators have launched an investigation into Alphabet's Waymo self-driving vehicles following reports of driving behavior that may have violated traffic safety laws. The National Highway Traffic Safety Administration is evaluating approximately 444 Waymo vehicles based on 22 incidents, including 17 collisions. Some of the crashes occurred when the automated driving systems disobeyed traffic control devices or exhibited unexpected behavior near them.

OpenAI has introduced GPT-4o, its latest flagship model that includes text, voice, and vision capabilities. With GPT-4o, ChatGPT now allows users to engage in conversational interactions using a human-like voice. Additionally, the AI chatbot offers features such as translation, recommendations, and support for more than 50 languages, including various Indian languages. Free users of ChatGPT can also access enhanced features like GPT-4 level intelligence and assistance with various tasks.

ISRO has unveiled the LVM3, a powerful launch vehicle with a capacity of launching spacecraft weighing up to 4,000 kg. The LVM3 marks a significant milestone in India's space exploration program.

Ever since May 2020, the fall in the business of import and export has hit the curb for China, as it undergoes severe Covid measures paired with global market volatility. While outgoing shipments shrank by 0.3% from last year’s turnout, policymakers faced a serious challenge of giving up on their sole source of economic hope. Meanwhile, incoming shipments decline to 0.7%. This has been a combination of the yuan currency falling off, China’s ZERO-Covid policies and bitter global relations.

Upon winning the men’s 63.5 kg quarter finals against South Korea's Minsu Choi, Indian boxer Shiva Thapa secured atleast a bronze medal at the Asian Boxing championship 2022. The boxer already holds silver medals for the same in 2017 and 2021, while bronze in 2015 and 2019, will now be the first male boxer in the history of the continental front to having accomplished a sixth medal at the Asian Championships. He is standing against Bakhodur Usmonov of Tajikistan in the semi-final now.

Due to the ongoing Russia-Ukraine war, many European countries are not willing to directly import oils from Russia, which is one of the reasons of high demand of India’s refined oil exports. Netherlands became the nation’s top market for India’s diesel and petrol, making 9% of the total petroleum exports, while Brazil came in among the top eight importers from India, gaining 273% growth since last year. South Africa also rose to 13th positions, valuing 5.13% of total petroleum shipments. India’s demand comes in at the fact that it is buying cheap crude from Russia.

Accused for corruption, Israel’s former PM Benjamin Netanyahu is confident to re-enter the political arena, as his party seems to take 61-62 seats of the Knesset 120 seats, making a “good start” as he said. Waiting for the final result, Likud party was accused of not trying to forge the votes until then. While this was the fifth election in four years, nevertheless, the turnout was still the largest since 1999. Against right-wing supported Netanyahu was 54-55 seats occupying alliance of Yair Lapid and Naftali Bennett.